Stock Market Today: S&P 500, Nasdaq 100, Dow Jones Futures Gains as Iran Prolongs US Talks Ahead of Midterms

U.S. stock futures were higher on Wednesday, as the Dow Jones, S&P 500, and Nasdaq 100 indices rose following Tuesday's mixed close. Reuters reported that Iran is prolonging negotiations with the U.S. to undermine President Donald Trump ahead of the November 3rd midterm elections, while preparing for the possibility of renewed American and Israeli military strikes. Iran's security chief Mohsen Rezaei said on X that not a single gram of enriched uranium will be removed from Iran and added there will be no negotiations until the United States takes steps to build trust. Wednesday is a massive day for third quarter earnings headlined by magnificent seven members Meta Platforms and Tesla Inc. Meanwhile the 10-year treasury bond yielded 5.12 percent and the two-year treasury bond yielded 4.79 percent at last check. The CME Group's FedWatch tool projections show markets pricing in an 85.1% likelihood of the Federal Reserve keeping interest rates unchanged after its October meeting. The SPDR S&P 500 ETF Trust and Invesco QQQ Trust ETF were higher in pre-market trading on Wednesday. The SPY was up 0.08% at $769.67, while the QQQ advanced 0.39% to $720.43. Stocks in focus for today are Space Exploration Technologies was 10.39% higher in pre-market trading on Wednesday after beating third-quarter 2026 earnings estimates with EPS of $0.35 on revenue of $14.57 billion versus expectations of $0.14 and $12.74 billion. Super Microcomputer was 12.43% higher in pre-market trading on Wednesday after the company raised its outlook for the first quarter and said it expects first quarter revenue to be in the range of $18.5 billion to $19.5 billion, up from prior guidance of $14.5 billion to $15.5 billion. Netflix was 6.42% lower as it reported mixed third quarter 2026 results. Its earnings per share were $0.87 on revenue of $12.87 billion versus estimates of $0.82 and $12.88 billion after the closing bell on Tuesday. Capital One Financial was 3.44% higher as it reported quarterly earnings of $6.69 per share, which beat the analyst consensus estimate of $5.50, and revenue came in at $16.34 billion, which beat the street estimate of $16.26 billion. Meta Platforms was 0.38% lower in pre-market trading on Wednesday, ahead of quarterly results after the closing bell, with analysts expecting earnings of $5.74 per share on revenue of $63.37 billion for the third quarter of 2026. Thank you for watching and make sure to subscribe!